Aug 02, 2016 06:41 PM

Closer Look: Will Anti-trust Regulators Slam the Brakes on Uber-Didi Deal?

(Beijing) – After years of intense battles to crack the Chinese market, car-hailing giant Uber surrendered to its homegrown rival, Didi Chuxing by offering to sell its regional operations, but the deal still needs approval from anti-trust regulators.

The Ministry of Commerce, one of the country's anti-trust regulators, said August 2, the merger "can't proceed if they don't apply for permission."

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